The charts above reflect that bullish flag patterns in TLT & IEF could have formed and bullish sentiment is now at levels where prior rallies in bonds took place. The Power of the Pattern shared this formation a week ago with Members a week ago and on Stocktwits a few days ago. Bonds have done well since, making almost 25% of SPY's gains on the year, in a few days!

Another reason Bill Gross could be buying bonds in the weakness/breakdowns in the Commodity complex reflected in the 4-pack below.